Spinoff of Allegion nets Carmel a publicly traded giant
Carmel has gained a publicly traded company large enough to knock retail legend J.C. Penney off the Standard & Poor’s 500 Index.
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Finish Line shares continue climb after upgrade
Two investment analysts raised their ratings for Finish Line on Monday, saying the Indianapolis-based athletic shoe and clothing retailer has the opportunity for margin recovery and a stronger online performance.
Dow, S&P 500 hit records before closing lower
The stock market broke through two milestones Monday before giving up nearly all its gains late in the day.
Twitter soars as shares debut on stock market
The stock opened at $45.10 a share on Thursday, 73 percent above its initial offering price. Tempering expectations was a big theme leading up to the IPO, but that flew out the window with the stock’s opening surge.
Angie’s List stock falls after growth slows
Never mind that Angie’s List posts a loss every year. Wall Street isn’t worried about that, right now. But let its double-digit revenue growth slow just a bit and, before you know it, the stock has fallen 33 percent—as it did in October.
S&P 500 closes week at another all-time high
Strong third-quarter results from technology companies drove investors into stocks on Friday, giving the market its third straight weekly gain.
S&P 500 pushes further into record territory
General Electric, Morgan Stanley and Google all rose after reporting higher earnings than financial analysts were expecting. Google topped $1,000 a share for the first time.
Parade of settlements continues for local securities firms
A third securities firm in the region has been slapped with sanctions by federal regulators.
Poll: Half of older workers delay retirement plans
Some 82 percent of working Americans over 50 say it is at least somewhat likely they will work for pay in retirement, according to a poll released Monday.
Lilly stock shrugs off analyst downgrade
The drugmaker has become too reliant on its remaining pipeline of drugs under development for growth as it deals with patent expirations to big sellers and drug-development setbacks, a Jefferies analyst wrote.
Private equity investor CID seeking $150 million
CID Capital hopes to raise $150 million for its latest private equity fund in a market that has been tough on similar funds.
Stocks fall as government shutdown hits new week
Until now, the stock market has mostly moved sideways since the shutdown began at the start of the month, indicating that investors still expect lawmakers to come up with a deal.
Indiana securities commissioner leaving post
Chris Naylor, Indiana Securities Commissioner for the past six years, will become the assistant executive director of the Indiana Prosecuting Attorneys Council.
Indiana sues estate of alleged Ponzi schemer
The state has gone to court to freeze the assets of the estate of a dead Kokomo investment adviser so the money can provide possible restitution to victims of a Ponzi scheme who might include former National Football League players.
Butler students learn by investing $1.2M from endowment
Butler’s 5-year-old, student-managed investment fund is believed to be the single largest such fund among colleges in Indiana. That big pot of money brings pressure on students.
Stocks rise as investors weigh effects of shutdown
Markets on Tuesday weren’t fazed by the the first partial government shutdown in 17 years. Open enrollment for Obamacare exchanges helped WellPoint shares.
Angie’s List’s believers, doomsayers dig in their heels
As Angie’s List approaches its second anniversary as a public company, investors remain as split as ever on whether the consumer-review company is wildly overvalued or a revolutionary Internet business still in its infancy.
Stocks reach all-time highs after Fed delays bond tapering
Investors plowed money into stocks and bonds, with the S&P 500 and Dow Jones Industrial Average reaching record highs, after the Federal Reserve’s surprise decision to keep its economic stimulus in place.
Fed likely to slow bond buys despite tepid economy
On Wednesday, the Federal Reserve is expected to take its first step toward reducing the extraordinary stimulus it's supplied to help the U.S. economy rebound from its deepest crisis since the Great Depression.
After tough August, investors face scary September
September is traditionally the stock market’s worst month of the year, but there are several unique events in store over the next few weeks that could make trading even more turbulent.